It’s not uncommon for AP staff members to spend much of their time on manual tasks (e.g., entering invoice data into the ERP, hunting down approvals, printing and collecting documents, etc.). AI-driven AP automation solutions take care of all those repetitive, low-value admin activities, so you don’t have to. As a result, your team is free to focus on more strategic activities that impact cash management and your supplier relationships.

Following the go-live of an AP automation solution, users can expect to see several transformational benefits. From an operational standpoint, accounts payable automation often translates to faster invoice processing times, lower costs, a simplified IT environment, and enhanced visibility over invoices and closing procedures (just to name a few). It can mean greater collaboration and overall satisfaction for your customers and staff. Lastly, for business, these solutions can ultimately lead to more business opportunities, expansion into new markets, and increased fraud prevention.

For instance, Esker's accounts payable solution significantly improved Sunway’s invoice processing. With a high volume of transactions, Sunway faced challenges like data entry errors, misplaced documents, and slow processing times. Through the adoption of our AP automation solutions, the company experienced a paradigm shift. The need for paper invoices were eliminated, approval workflows were simplified, and the physical document archival was reduced by 40%, freeing up valuable office space. The AP invoicing solution also improved supplier relationships, as they could now check the status of their invoices on a portal, leading to timely payments and fewer inquiries about invoice status. 

Delve into more details about how Esker improved Sunway’s accounts payable processing. 

On the other hand, Luxasia, a rapidly growing company in the luxury beauty industry, also benefited from Esker's accounts payable solution. In pursuit of centralised accounting operations and automated supplier invoice processing, Luxasia revolutionised its approach. By adopting our advanced accounts payable system, the company was able to seamlessly transition away from paper-based documentation, achieving streamlined workflows and fostering stronger relationships with suppliers. 

The implementation of our accounts payable solution led to faster approval times, increased productivity, and reduced operational costs. Find out more about their success story with Esker.

Yes! To date, Esker has over 70 unique ERP or home-grown AP automation solutions. Our ERP connectivity suite also provides simultaneous integration with multiple ERPs, simplifying diverse environments resulting from M&A activity, streamlining onboarding, and supporting shared services centre initiatives.

No! An automated Accounts Payable automation solution is not designed to replace ERPs; rather, the solution works alongside whatever system or systems currently in place to fill in the manual gaps most conventional ERPs can’t handle. This helps invoices get processed faster and more accurately while also helping your company maximise its ERP investment.

Esker's Accounts Payable software employs advanced AI and machine learning technologies to extract invoice data automatically. It streamlines the data entry process, reducing human error and freeing up staff time. This automation in data entry leads to a more efficient Accounts Payable system, saving both time and resources.

Our Accounts Payable automation solution is built with compliance in mind. It incorporates rules-based workflows that align with your company's internal policies and regulatory requirements. This ensures a consistent and compliant approach to invoice processing. The software also maintains a complete and searchable record of all transactions, further supporting compliance efforts.

When exceptions or discrepancies are detected in invoices, our AP automation solutions automatically flag them for review. This intelligent system allows for early detection and swift resolution of issues, significantly reducing the risk of payment errors and fostering better supplier relationships.

Absolutely! Esker's Accounts Payable software can automate the three-way matching of purchase orders, invoices, and receipts. This automation minimises errors and accelerates the approval process, ensuring timely payments and meeting supplier expectations.

Esker's Accounts Payable automation solutions provide a comprehensive audit trail for each invoice processed. The system captures every action taken, from receipt to payment, providing complete visibility and transparency. This robust tracking capability and the system's adherence to compliance standards make audit processes smooth and worry-free.